Economic Data

Read the latest updates on economic data from NYCEDC.

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Transportation Trends in NYC

 |  NYCEDC
New York City’s transportation industry is in the midst of an upheaval. Ridership through app-based services like Uber and Lyft has surged, while subway and bus ridership has declined.

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NYCxDESIGN 2017 by the Numbers

 |  NYCEDC
NYCxDESIGN drew nearly 350,000 attendees and added $60 million to the gross city product.

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New York City's Dog Population

 |  NYCEDC
Those who don’t know us say that New York City is a dog-eat-dog town. We may act like alpha dogs, but real New Yorkers are truly poodles at heart. In fact, the data show that one in seven households in our city have at least one pup under its roof – so we must be softies deep down.

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How do Americans celebrate Fourth of July?

 |  NYCEDC
The National Retail Federation (NRF) predicts that 219 million Americans (nearly 70% of the population) will celebrate Independence Day this year. The number of people who will celebrate is 2% higher than last year and the average amount they plan to spend on food items this holiday is up 3% to $73.42 per person. In fact, the holiday is expected to generate $7.1 billion in revenue from food sales.

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New York City Construction Projects Reach New Heights

 |  NYCEDC
Current construction trends indicate a strong New York City economy. In 2016, the number of construction project starts was the highest in four years.

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Interest Rates and New Yorkers

 |  NYCEDC
The Federal Reserve raised interest rates on March 15, 2017 – only the third time since the height of the financial crisis. So, what does this mean for New York City’s economy? First, let’s explore how interest rates work.

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A Different Look at the Holiday Economy in New York City

 |  NYCEDC
New Yorkers love the holidays – it doesn’t take more than quick walk down any wintery block in Manhattan to figure that out. Holiday music rings in every store, and “tree-lined street” fosters a whole new meaning as Christmas pines are sold on virtually every corner. And importantly, what we on the Economic Research & Analysis team call the holiday economy bustles with renewed fervor. The holiday economy is comprised of a number of factors, and this month we’re exploring how cultural and religious institutions throughout the City impact the local economic landscape.

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Thanksgiving in New York City: Parade, Tourism & Shopping

 |  NYCEDC
The Macy's Thanksgiving Day Parade draws 3.5 million enthusiastic visitors to Manhattan, as well as roughly 50 million television viewers. Festivities held over the long weekend have enticed thousands of tourists to visit New York City, boosting business for the city’s 50,000 hospitality workers and 300,000 food and beverage service employees.

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October Sugar High: New Yorkers Love Chocolate & Sour Patch Kids

 |  NYCEDC
Still deciding on treats for Halloween night? According to the sales data from the online retailer Candy Store, the New York State candy favorite is Sour Patch Kids. From 2007-2015, New Yorkers have ordered 198,000 lbs. of Sour Patch Kids on average from the online store in the three months leading up to Halloween. For those who are looking to diversify their candy bowl offerings, the runner-ups were Candy Corn (95,000 lbs.) and Reese's Peanut Butter Cups (39,600 lbs.), indicating a clear favorite in New York.

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State of Manufacturing in New York City

 |  NYCEDC
To celebrate National Manufacturing Day, the Economic Research and Analysis team at NYCEDC looked at trends in the manufacturing industry in New York City. We found that the sector is on the rise, employing over 78,000 workers in 2015, or 2.1% of the city’s private sector employees.